other material
confidence high
sentiment neutral
materiality 0.65
U.S. Gold Corp. raises $10.2M via registered direct offering of shares and warrants
U.S. GOLD CORP.
- Sold 1,457,700 shares at $7.00/share and warrants for 728,850 shares at $9.50 exercise price.
- Gross proceeds of ~$10.2M; net proceeds for working capital and general corporate purposes.
- Warrants exercisable after 6 months, expire in 3 years; expected closing December 6, 2024.
- No placement agent; shares registered on Form S-3 (File No. 333-262415).
- Post-offering shares outstanding expected to be 12,323,116.